SpaceX 8-K

Summary

A graphics processing unit (GPU) equipment lease financing commitment. On 10/24/2026, Space Exploration Technologies entered into a binding commitment letter to lease GPU pods and related equipment from an entity managed by Apollo Global Management for use at company-selected data centers. The master finance lease is subject to closing conditions and is expected to close before year-end, with equipment deliveries and lease schedule commencements expected in H1 2027.

Key Figures

• Expected aggregate principal payments under the lease schedules: ≈$40B over their respective terms.
• Each equipment tranche will have a separate lease schedule of approximately 5 to 5¼ years. Rent is payable quarterly in advance and generally includes one-twentieth of the tranche’s financed cost, a fixed rate on the outstanding lease balance, and ongoing costs and expenses; the fixed rate will be set before the master lease is entered into.

Investor Takeaways

• Watch for completion of the master lease before year-end and GPU deliveries beginning in H1 2027; those milestones would confirm execution on the announced financing and deployment timeline.